Atkinson, Anthony B. and Lakner, Christoph (2021) Capital and labor: the factor income composition of top incomes in the United States, 1962–2006. The Review of Economics and Statistics, 103 (5). ISSN 0034-6535
Full text not available from this repository.Abstract
This paper finds that capital and labor incomes in the United States have become more closely associated since the 1980s. This has contributed to the well-known increase in the top 1% share of total income, exacerbating rising inequality in capital incomes and earnings. We show that the trend in the association is U-shaped as the recent increase contrasts with a tendency toward a weakening association until the 1980s. The paper, using data derived from tax records, studies the asymmetries in the association and tests for robustness to alternative income definitions, including the role of income from closely held businesses at the top.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2021 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology and The World Bank |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 02 Apr 2025 14:27 |
| Last Modified: | 02 Apr 2025 18:06 |
| URI: | http://eprints.lse.ac.uk/id/eprint/127797 |
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